Product - Self-Employment
As part of employment generation the eligible self employment schemes are financed. Loans for setting up business / trade / industry / services; are considered.
- LAGHU UDHYAMI CREDIT
Cash Credit limit of Rs.2.00 lakhs & upto Rs.5.00 lakhs sanctioned for 3 years at a time; for small business units, retail traders, artisans, village industries, SSI & Tiny units and professional & self-employed.
- GENERAL CREDIT CARDS
Hassle-free credit upto Rs.25,000/- issued for 3 years, With suitable repayment schedule.
- SELF HELP GROUPS (SHGs)
- 10 to 20 members per group - loan upto 4 times of their savings / thrift (Min loan of Rs.50,000/-).
- Sanctioning of Higher limits for economic activity of the SHG members, based on Micro Credit Plan (MCP).
Group financing of tenant farmers / oral lessees / share croppers under Rythu Mitra Group – financing. Financing is done on Similar Lines as being done for SHGs.